In this lesson, we explore the exciting real-world applications of blockchain technology that go beyond just the ledger basics.
First up, we dive into Peer-to-Peer Transactions, where cryptocurrencies like Bitcoin allow you to send money directly to someone else without any bank meddling. It’s fast, it’s cheap, and it’s open to everyone with an internet connection.
Then, we talk about Bitcoin as a digital store of value, the ‘digital gold,’ with its limited supply making it a hot pick for investment. Think of it like snagging a rare collectible that might be worth heaps more in the future.
We also shed light on the wonders of Decentralized Finance (DeFi) and how Ethereum’s smart contracts make things like loans and insurance smarter and more self-sufficient.
Plus, there’s a nod to Decentralized Autonomous Organizations (DAOs) – like our very own Evergreen DAO – which put the power of decision-making in the community’s hands through voting.
And who can forget Non-Fungible Tokens (NFTs)? From digital art to virtual lands, NFTs prove ownership of digital goodies that can’t be copied willy-nilly, preserving their value and uniqueness.
